Stock market analyst Ashwani Gujral has suggested investors to purchase Hind Oil stock to achieve a short-term target of Rs 132.

According to him, the stock can be purchased on declines with a stop loss of Rs 94.

Mr. Gujral also said that the investors can achieve the target within a period of 3-4 weeks. So, the investors are advised not to sell this stock before achieving this price target.

The company’s shares, on Friday, marked their closure at Rs 107.25, up 8.99% on the BSE. With an EPS of Rs 0.52, the stock stood at a P/E of 205.07. The stock has seen a 52-week high of Rs 176.9 and a low of Rs 58.95 on the BSE.

Petronet LNG Ltd, one of the fastest growing, world class companies in the Indian energy sector, has set up the country's s first LNG receiving and regasification terminal at Dahej , Gujarat. Now it is in the process of building another terminal at Kochi, Kerala.

Some other stocks from the oil drilling and exploration sector that looks good for short-term as well as long-term trading includes ONGC, Cairn India and GAIL.